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The rapid integration of new technology and digital health devices into healthcare systems has revolutionized patient care and diagnostic processes. However, the increased reliance on these devices has also exposed the healthcare industry to cybersecurity threats. According to the recent report, Cybersecurity in Medical Devices, the market for cybersecurity in medical devices is expected to […]
Tissue regeneration breakthroughs unveil new era in medical science, says GlobalData
Tissue regeneration is an emerging field of medicine that aims to repair and restore healthy functioning tissue, with the potential to reverse aging. Leveraging cutting-edge techniques such as stem cell therapy and 3D bioprinting, researchers have observed progressive stages of soft tissue regeneration, demonstrating potential applications in aesthetic and reconstructive procedures. This transformative trend heralds […]
China to spearhead Asia LNG regasification capacity additions through 2027, forecasts GlobalData
China is expected to witness the highest liquefied natural gas (LNG) regasification capacity additions in Asia between 2023 and 2027, contributing about 35% of the region’s total capacity additions by 2027, says GlobalData, a leading data and analytics company. GlobalData’s report, “LNG Industry Outlook by Capacity and Capital Expenditure (CapEx) Including Details of All Operating […]
Disney India and Reliance merger talks raise regulatory concerns over dominance in video streaming market, says GlobalData
Following reports that Disney India and Reliance Industries plan to merge their Indian entertainment operations; Pinky Hiranandani, Senior Thematic Intelligence Analyst at GlobalData, offers her view: “Reliance will become India’s largest video streaming provider if the proposed merger goes through. It will hold about a third of the country’s video streaming subscribers, putting it ahead […]
New CAR-T therapies in South Korea to face stringent regulatory oversight, says GlobalData
South Korea has issued guidelines to monitor the side effects of the two approved CAR-T therapies – Kymriah (tisagenlecleucel) from Novartis and Carvykti (ciltacabtagene autoleucel) from Janssen. This will ensure a comprehensive database of adverse events including malignancies, if any in the local population, thereby ensuring patient safety in the country. However, regulatory focus on […]
Asia-Pacific automotive HVAC systems market to register 2.3% CAGR over 2023-28, forecasts GlobalData
Automotive heating, ventilation, and air conditioning (HVAC) systems have undergone a transformative shift, with manufacturers emphasizing green technology for enhanced environmental sustainability and cost-effectiveness. To align with rigorous government emission regulations, market competitors are actively producing eco-friendly HVAC products. The surge in energy efficiency, coupled with strategic mergers and acquisitions, is driving market growth. Amid […]
BD Trek bone biopsy kit sees 139% sales surge in US, reveals GlobalData
The market for bone biopsy devices is experiencing substantial growth, propelled by advancements such as the integration of technologies like automatic biopsy drivers. Notably, the BD Trek bone biopsy kit has seen a remarkable 139% increase in sales in the US, with healthcare facilities adopting these devices tripling in number, according to GlobalData, a leading […]
Japan neurology devices market to reach $870 million in 2030, forecasts GlobalData
Neurological illnesses such as Alzheimer’s disease and stroke are widespread in Japan, and with the aging demographic, the incidence of these conditions continues to rise. In light of this, the Japan neurology devices market is expected to reach $870 million in 2030, forecasts GlobalData, a leading data and analytics company. GlobalData’s research reveals that, in […]
Global travel and tourism sector deal activity down by 32.7% YoY during January-November 2023, finds GlobalData
A total of 666 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced in the travel and tourism sector globally during January-November 2023, which is a year-on-year (YoY) decline of 32.7% compared to the announcement of 989 deals during the same period in the previous year, finds GlobalData, a leading data and […]
Telcos targeting MNCs and large corporates neglect social and governance reporting at their peril, says GlobalData
For global telecoms service providers focusing on multinational corporations (MNCs) and large enterprises, the oversight of social and governance (S&G) reporting poses significant risks. Neglecting these crucial aspects may jeopardize their standing in an increasingly ESG-focused business landscape. Recognizing the impact of S&G factors is imperative for telcos navigating the complexities of corporate partnerships and […]
Global deal activity down by 23.6% YoY during January-November 2023, finds GlobalData
A total of 48,953 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced globally during January-November 2023, which is a year-on-year (YoY) decline of 23.6% compared to the announcement of 64,092 deals during the previous year, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database […]
APAC automotive exhaust systems market set to witness negative 1.3% CAGR through 2028, forecasts GlobalData
The significant surge in the adoption of car particulate filters is primarily driven by apprehensions regarding escalating carbon emissions standards, prompting various regional and international policies. As a result, businesses are increasingly employing selective catalyst reduction techniques to boost filter efficacy. Against this backdrop, the Asia-Pacific (APAC) automotive exhaust systems market is set to increase […]
US fixed-mobile convergence service revenue to increase nearly 3% CAGR over 2023-2028, forecasts GlobalData
Sizeable subscriber adoption of cellular services offered by cable operators alongside escalating high-speed wireless and fiber-optic broadband coverage by telcos is boosting the US fixed-mobile convergence (FMC) revenue, which will see a compound annual growth rate (CAGR) of approximately 2.97%, from $50.8 billion in 2023 to $58.8 billion in 2028, according to GlobalData, a leading […]
Sanofi’s $140 million deal with Aqemia will accelerate drug discovery through AI, says GlobalData
In a new move within the pharmaceutical industry, Sanofi, a global pharmaceutical giant, has entered a monumental $140 million deal with Aqemia, a French pharmaceutical technology company. This collaboration aims to revolutionize drug discovery by leveraging Aqemia’s physics algorithms and generative artificial intelligence (AI), says GlobalData, a leading data and analytics company. Aqemia, built on […]
Microbubbles are revolutionizing ultrasound imaging and personalized medicine, says GlobalData
The ultrasound contrast agents (microbubbles) market is driven by their role in enhancing diagnostic capabilities and revolutionizing treatment methods. The demand for microbubbles will stem from the growing preference for non-invasive procedures, personalized medicine, and innovations in imaging technology – especially in cardiology, oncology, and neurology, where precise imaging is critical for accurate diagnosis and […]
7 in 10 UK shoppers say HFSS restrictions are not changing how they shop, says GlobalData
One year after the introduction of the first stage of high fat, salt and sugar (HFSS) product legislation came into place in the UK, limiting the location of items such as sweets, crisps and chocolate instore, the change to consumers’ purchasing habits has been limited. The restrictions are aimed to curb childhood obesity and promote […]
GlobalData reveals contrasting fortunes of Asia-Pacific companies in 2023
The juxtaposition of market performance of the leading companies in the Asia-Pacific (APAC) region in 2023 highlights a diverse landscape marked by both significant growth and notable decline, reveals the Company Profiles Database of GlobalData, a leading data and analytics company. Taiwan Semiconductor Manufacturing (TSMC) has gained a whopping $90.3 billion to reach a market […]
Asia to account for 89% global phenol capacity additions by 2027, reveals GlobalData
Asia is set to lead the global phenol industry capacity additions with a share of 89% by 2027, by gaining capacities from new-build and expansion projects between 2023 and 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Phenol Industry Capacity and Capital Expenditure Forecasts with Details of Active and Planned […]
Biometrics redefining security and user experience across sectors, says GlobalData
As the demand for heightened security and seamless user experiences continues to grow across various sectors, advanced biometric technologies are poised to redefine the authentication and identity verification processes. From ensuring secure financial transactions to enhancing border control and streamlining retail interactions, advanced biometrics’ ability to provide robust security while improving user experience marks a […]
Google Gemini AI evokes debates among influencers on evaluation criteria and GPT-4 comparison, finds GlobalData
DeepMind Technologies Limited, doing business as Google DeepMind, has recently released its latest generative AI model “Gemini 1.0” in three sizes for different tasks: Ultra, Pro and Nano. Subsequently, the launch has triggered intense debates among influencers on social media platform “X” regarding its performance relative to GPT-4, observes the Social Media Analytics Platform of […]